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Invest for Long Term Growthwhile Saving Taxes

Baroda Pioneer ELSS'96Invest Now In

Baroda Pioneer ELSS'96

Factsheetas on November 2017

Tax weighingscale

TaxesSavings

`

With ELSS

u/s 80C

`

* Investors should consult their financial advisers if in doubt about

whether the product is suitable for them.

Capital growth over long term

Investment predominantly in equity and equity related instruments.

This product is suitable for investors who are seeking*

(An Open Ended Tax Benefit-Cum-Growth Scheme)

30th November, 2017

BARODA PIONEER MUTUAL FUND

Dear Investors,

Warm Greetings!

Month of November saw increased volatility in stock markets, led by increasing concerns about high oil prices, domestic fiscal slippage and increasing trade deficit. While markets closed down by 1.1%, key positives were rating upgrade by Moody’s and continued buying by both FIIs and domestic mutual funds.

Amongst emerging markets, China was down by 3.2% and Brazil was down by 2.5%. Developed markets were mixed. USA was up by 0.6%, Japan was up by 1.9% while Germany and U.K were down by 1.6%. In terms of market caps, both BSE Mid-Cap Index and Small cap index outperformed with gains of 1.6% and 3% respectively.

Moody’s has upgraded India’s bond rating to Baa2 from Baa3 and changed the outlook to stable from positive. While Prime Minister Modi’s move last year to remove 86% of the currency in circulation has widely been attributed to be a major cause of the recent growth disruptions, Moody has taken a positive tone towards the recent moves by the administration. India’s ease of doing business ranking has risen by 30 places and the government has been able to push through with their GST implementation. However, most importantly Moody has highlighted that while India’s high debt burden remains a constraint, the reforms that have been put in place will reduce the risk of a sharp increase in debt during a downturn. A rating upgrade will lead to lower cost of borrowings from international markets – positive for Indian infrastructure expansion.

Headline CPI inflation rose to a 7-month high of 3.6% YoY in October compared with 3.3% print last month. The acceleration was particularly notable in food prices with firming up of vegetables, milk, cereals in the festive season. On the services side, inflation for transport and communication however eased, leading to core inflation remaining unchanged at 4.6% during October.

The Index of Industrial Production (IIP) print for September came in lower at 3.8% YoY as compared to the previous reading. The growth figures for August were revised up to 4.5% YoY from 4.3% earlier. Manufacturing segment registered a flat growth. Within the manufacturing segment, 11 out of 23 sectors registered positive growth.

2QFY18 results were generally good and probably has arrested the downward revision which we have witnessed over the past several quarters. Key positives were lower slippages for Banks, restocking led volume growth by consumer staple companies and strong growth by consumer discretionary companies. For Nifty, earnings were largely in line led by recovery in margins. Aggregate Revenue, EBITDA & PAT growth was at 11%, 13% & 6% respectively. Topline growth missed expectation as pace of post GST restocking was moderate, while EBITDA and PAT were in-line with expectations supported by better margins.

The overall breadth of earnings is positive with 80% of the companies reporting a beat (35%) or inline earnings (45%). Overall 1HFY18 EPS growth is now flat factoring weak 1Q. 2HFY18 should see meaningful pick-up in earnings growth driven by continued restocking, festive season and favorable base of last year (demonetization Q). With valuations at 18.5x one year forward earnings (one standard deviation higher than mean), we do not see scope for further re-rating, with earnings growth to drive returns.

Happy Investing!

Sanjay Chawla

Chief Investment Officer

Sources : Bloomberg, Economic Times

CIO Letter

2

Mr. Sanjay ChawlaChief Investment Officer

30th November, 2017


INDEX

Title

How To Read Factsheet Pg 4

Baroda Pioneer Growth Fund Pg 5

Baroda Pioneer ELSS’ 96 Pg 6

Baroda Pioneer Mid Cap Fund Pg 7

Baroda Pioneer Large Cap Fund Pg 8

Baroda Pioneer Banking and Financial Services Fund Pg 9

Baroda Pioneer Balance Fund Pg 10

Baroda Pioneer Monthly Income Plan (MIP) Fund(Monthly income is not assured and is subject to the availability of distributable surplus)

Pg 11

Baroda Pioneer Credit Opportunities Fund Pg 12

Baroda Pioneer Gilt Fund Pg 13

Baroda Pioneer Income Fund Pg 14

Baroda Pioneer Dynamic Bond Fund Pg 15

Baroda Pioneer Short Term Bond Fund Pg 16

Baroda Pioneer Treasury Advantage Fund Pg 17

Baroda Pioneer Liquid Fund Pg 18

Investment Performance Pg 19

SIP Returns Pg 23

Dividend History Pg 24

3

30th November, 2017


Fund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years.

NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.

Entry Load : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs. 101.

Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the redemption price would be Rs 99 Per Unit.

Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

Standard Deviation : Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta : Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Holdings : The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

How To Read Factsheet?

4

30th November, 2017


Baroda Pioneer Growth Fund

PORTFOLIO

Name of Instruments Ratings / Industries

% to Net Assets

EQUITY & EQUITY RELATED

Listed / awaiting listing on the stock exchanges

HDFC Bank Ltd. Banks 6.86%

Maruti Suzuki India Ltd. Auto 4.24%

ICICI Bank Ltd. Banks 3.54%

Mahindra & Mahindra Financial Services Ltd.

Finance 3.32%

Yes Bank Ltd. Banks 3.28%

Hindalco Industries Ltd.Non - Ferrous Metals

3.20%

Kansai Nerolac Paints Ltd.Consumer Non Durables

3.02%

Petronet LNG Ltd. Gas 2.94%

The Federal Bank Ltd. Banks 2.91%

Tata Steel Ltd. Ferrous Metals 2.85%

Britannia Industries Ltd.Consumer Non Durables

2.85%

Motherson Sumi Systems Ltd.

Auto Ancillaries 2.82%

GAIL (India) Ltd. Gas 2.66%

Whirlpool of India Ltd.Consumer Durables

2.54%

SBI Life Insurance Company Ltd.

Finance 2.46%

Bharat Forge Ltd.Industrial Products

2.16%

LIC Housing Finance Ltd. Finance 2.15%

Indraprastha Gas Ltd. Gas 2.15%

State Bank of India Banks 2.05%

NBCC (India) Ltd. Construction 2.05%

Bharti Airtel Ltd.Telecom - Services

2.04%

Pidilite Industries Ltd. Chemicals 2.01%

Reliance Industries Ltd.Petroleum Products

1.97%

HCL Technologies Ltd. Software 1.95%

Bank of Baroda Banks 1.95%

Blue Star Ltd.Consumer Durables

1.95%

Godrej Consumer Products Ltd.

Consumer Non Durables

1.93%

Apollo Tyres Ltd. Auto Ancillaries 1.85%

Indian Oil Corporation Ltd.

Petroleum Products

1.68%

Sadbhav Engineering Ltd.Construction Project

1.62%

Ultratech Cement Ltd. Cement 1.59%

Astral Poly Technik Ltd.Industrial Products

1.53%

The Ramco Cements Ltd. Cement 1.50%

Central Depository Services (I) Ltd.

Finance 1.49%

Mahindra & Mahindra Ltd.

Auto 1.39%

Capital First Ltd. Finance 1.38%

Larsen & Toubro Ltd.Construction Project

1.35%

Ashok Leyland Ltd. Auto 1.26%

Eicher Motors Ltd. Auto 1.13%

PORTFOLIO


% to Net Assets

WABCO India Ltd. Auto Ancillaries 1.07%

ITC Ltd.Consumer Non Durables

1.05%

Bajaj Finserv Ltd. Finance 1.03%

Titan Company Ltd.Consumer Durables

1.01%

Vedanta Ltd.Non - Ferrous Metals

0.97%

Security and Intelligence Services (I) Ltd.

Commercial Services

0.65%

Mangalore Refinery and Petrochemicals Ltd.

Petroleum Products

0.60%

Total 98.00%

CBLO / Reverse Repo Investments 2.79%

Total 2.79%

Cash & Cash Equivalents

Net Receivable/Payable -0.79%

Total -0.79%

Grand Total 100.00%

INDUSTRIES/RATINGS

20.59%11.83%

8.85%8.02%7.75%

5.74%5.50%

4.25%4.17%3.69%3.09%2.97%2.85%

2.05%2.04%2.01%2.00%1.95%

0.65%

BanksFinance

Consumer Non DurablesAutoGas

Auto AncillariesConsumer DurablesPetroleum Products

Non - Ferrous MetalsIndustrial Products

CementConstruction Project

Ferrous MetalsConstruction

Telecom - ServicesChemicals

Cash & EquivalentSoftware

Commercial Services

Investors understand that their principal will be at Moderately High risk

This product is suitable for investors who are seeking*• Capital appreciation over long term• Investment predominantly in equity and equity related

instruments.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

INVESTMENT OBJECTIVE

To generate long term capital appreciation from an actively managed portfolio of equity & equity related instruments.

FUND DETAILS

Type of Scheme An Open Ended Growth Scheme

Date of Allotment September 12, 2003

Fund Manager# Mr. Sanjay Chawla& (Experience 29 yrs) Mr. Dipak Acharya (Experience 13 yrs)

Benchmark S&P BSE 200*

Monthly Average AUM (`)

602.67 Crs

Month end AUM (`) 608.24 Crs

Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter

Entry Load NAExit Load 1% if redeemed on or before

365 days from the date ofallotment of units, Nil if redeemed after 365 days from the date of allotment of units

Plans Plan A and Plan B (Direct)Option A. Growth Option (default

option in case no option specified by investor);B. Dividend Option1. Payout2. Re-investment (default sub-option in case no option specified by investor) C. Bonus Option$

SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments

RISk PROFILE 30 NOVEMBER 2017Standard deviation 14.23%Sharpe@ 0.25Beta 0.98Portfolio Turnover (last 12 months) 1.25

NAV AS ON 30 NOVEMBER 2017NAV (Per Unit) `Plan AGrowth 100.9700Dividend 38.5900Plan B - DirectGrowth 105.4400Dividend 38.2400

TOTAL EXPENSE RATIOPlan A 2.97%Plan B (Direct) 2.08%

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.00%& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Growth Scheme

5

30th November, 2017


PORTFOLIO


% to Net Assets







Finance 3.60%

Kansai Nerolac Paints Ltd.


3.26%


3.25%




3.08%



Motherson Sumi Systems Ltd.

Auto Ancillaries 2.85%


2.76%


Carborundum Universal Ltd.

Industrial Products 2.65%


Bata India Ltd.Consumer Durables

2.41%


Commercial Services

2.22%


The Karnataka Bank Ltd. Banks 2.16%



Cholamandalam Investment and Finance Company Ltd.

Finance 2.10%


Bharti Airtel Ltd. Telecom - Services 2.04%

Bharat Financial Inclusion Ltd.

Finance 2.01%



Finance 1.79%




Symphony Ltd.Consumer Durables

1.60%


1.57%


Capital First Ltd. Finance 1.44%


1.34%

Ambuja Cements Ltd. Cement 1.29%

Mahindra & Mahindra Ltd.

Auto 1.27%

PORTFOLIO


% to Net Assets



1.12%

City Union Bank Ltd. Banks 1.10%

Sadbhav Engineering Ltd.

Construction Project

0.78%

The South Indian Bank Ltd.

Banks 0.54%

Total 98.63%


Total 1.70%



Total -0.33%

Grand Total 100.00%

INDUSTRIES/RATINGS

22.21%13.08%

8.99%8.43%7.80%7.21%

6.02%4.82%

2.85%2.65%2.44%2.22%2.16%2.07%2.04%1.90%1.74%1.37%

BanksFinance

AutoConsumer Durables

GasAuto Ancillaries

Consumer Non DurablesNon - Ferrous Metals

Ferrous MetalsIndustrial Products

CementCommercial Services

ConstructionChemicals

Telecom - ServicesConstruction Project

SoftwareCash & Equivalent

Baroda Pioneer ELSS’ 96


This product is suitable for investors who are seeking*• Capital growth over long term• Investment predominantly in equity and equity related

instruments.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The main objective of the scheme is to provide the investor long term capital growth as also tax benefit under section 80C of the Income Tax Act, 1961.

FUND DETAILS

Type of Scheme An Open Ended Tax Benefit-Cum-Growth Scheme

Date of Allotment March 31, 1996Fund Manager# Mr. Sanjay Chawla& (Experience

29 yrs) Mr. Dipak Acharya (Experience 13 yrs)

Benchmark S&P BSE 200*Monthly Average AUM (`)

120.13 Crs

Month end AUM (`) 121.93 Crs Minimum Investment ` 500/- & in multiples of ` 1/-

thereafterEntry Load NAExit Load NilPlans Plan A and Plan B (Direct)

Option A. Growth Option (default option in case no option specified by investor);B. Dividend Option C. Bonus Option$



NAV AS ON 30 NOVEMBER 2017NAV (Per Unit) `Plan ADividend 34.3800Bonus 47.6400Growth 47.6400Plan B - DirectDividend 40.2800Bonus 50.5600Growth 50.5600


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.00%*For Disclaimer please refer page no 22& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Tax Benefit - Cum - Growth Scheme

6

30th November, 2017


Baroda Pioneer Mid-Cap Fund

Investors understand that their principal will be at High risk

This product is suitable for investors who are seeking*• Capital appreciation over long term.• Investment predominantly in equity and equity related

securities of growth oriented Mid-Cap stocks.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary objective of the Scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of growth oriented mid cap stocks. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized

FUND DETAILS

Type of Scheme An Open Ended Equity Scheme

Date of Allotment October 4, 2010

Fund Manager# Mr. Sanjay Chawla (Experience 29 yrs) Mr. Dipak Acharya (Experience 13 yrs)

Benchmark S&P BSE Mid-cap index*Monthly Average AUM (`) 35.65 Crs



Entry Load NAExit Load 1.00% if redeemed on or before 365

days from the date of allotment of units, Nil if redeemed after 365 days from the date of allotment of units

Plans Plan A and Plan B (Direct)

Option A. Growth Option (default option in case no option specified by investor);B. Dividend Option 1. Payout;2. Reinvestment (default sub-option in case no option specified by investor)C. Bonus Option$


PORTFOLIO


% to Net

Assets




3.86%

BEML Ltd.Industrial Capital Goods

3.68%

Carborundum Universal Ltd.Industrial Products

3.67%

Symphony Ltd.Consumer Durables

3.58%


Finance 3.53%

Astral Poly Technik Ltd.Industrial Products

3.49%


JK Cement Ltd. Cement 3.31%


Finance 3.26%

Gujarat State Fertilizers & Chemicals Ltd.

Fertilisers 3.09%

Kalpataru Power Transmission Ltd.

Power 3.06%


Crompton Greaves Consumer Electricals Ltd.

Consumer Durables

2.93%



2.83%


Finance 2.76%

Bharat Financial Inclusion Ltd. Finance 2.70%


Bajaj Electricals Ltd.Consumer Durables

2.57%

K.P.R. Mill Ltd. Textile Products 2.57%


National Aluminium Company Ltd.

Non - Ferrous Metals

2.26%

PC Jeweller Ltd.Consumer Durables

2.18%


Commercial Services

2.17%

Gulf Oil Lubricants India Ltd.Petroleum Products

2.12%

Solar Industries India Ltd. Chemicals 2.08%

TVS Srichakra Ltd. Auto Ancillaries 2.06%


Tata Sponge Iron Ltd. Ferrous Metals 1.98%

V.S.T Tillers Tractors Ltd. Auto 1.88%

Essel Propack Ltd.Industrial Products

1.84%

Orient Cement Ltd. Cement 1.80%


1.63%

Blue Dart Express Ltd. Transportation 1.48%

Jubilant Foodworks Ltd.Consumer Non Durables

1.47%

Rallis India Ltd. Pesticides 1.35%

Century Plyboards (India) Ltd.Consumer Durables

1.31%

Igarashi Motors India Ltd. Auto Ancillaries 1.22%

PORTFOLIO


% to Net

Assets

Balkrishna Industries Ltd. Auto Ancillaries 1.18%

Sundram Fasteners Ltd. Auto Ancillaries 1.03%

Total 98.29%


Total 2.46%



Total -0.75%

Grand Total 100.00%

INDUSTRIES/RATINGS

9.00%8.98%

7.49%5.11%

3.68%3.09%3.06%2.90%2.57%2.48%2.26%2.17%2.12%2.08%1.98%1.88%1.71%1.48%1.47%1.35%

Consumer DurablesFinance

Industrial ProductsBanks

Auto AncillariesCement

Industrial Capital GoodsFertilisers

PowerConstruction

Textile ProductsGas

Non - Ferrous MetalsCommercial ServicesPetroleum Products

ChemicalsFerrous Metals

AutoCash & Equivalent

TransportationConsumer Non Durables

Pesticides

20.89%12.25%

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015*For Disclaimer please refer page no 22 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.00%

7

RISk PROFILE 30 NOVEMBER 2017

Standard deviation 16.68%Sharpe@ -0.16Beta 0.92Portfolio Turnover (last 12 months) 1.69

NAV AS ON 30 NOVEMBER 2017

NAV (Per Unit) `Plan AGrowth 9.9600Dividend 9.9600Plan B - DirectGrowth 10.3500Dividend 10.3500

TOTAL EXPENSE RATIO

Plan A 3.16%Plan B (Direct) 2.29%

30th November, 2017


Baroda Pioneer Large Cap Fund


This product is suitable for investors who are seeking*• Capital appreciation over long term• Investment predominantly in a diversified portfolio

of equity and equity related securities of Large Cap companies.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary objective of the Scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of large cap companies. The Scheme may also invest in debt and money market securities.However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

FUND DETAILS

Type of Scheme An Open Ended Equity SchemeDate of Allotment June 22, 2010Fund Manager# Mr. Sanjay Chawla (Experience 29 yrs)

Mr. Dipak Acharya (Experience 13 yrs)

Benchmark Nifty 100*Monthly Average AUM (`) 30.01 CrsMonth end AUM (`) 28.45 Crs Minimum Investment ` 5,000/- & in multiples of ` 1/-

thereafterEntry Load NAExit Load 1.00% if redeemed on or before 365

days from the date of allotment of units, Nil if redeemed after 365 days from the date of allotment of units




PORTFOLIO


% to Net

Assets




Reliance Industries Ltd. Petroleum Products 6.48%



5.49%


5.13%



Ultratech Cement Ltd. Cement 4.43%



Adani Ports and Special Economic Zone Ltd.

Transportation 3.50%



Hindustan Unilever Ltd.Consumer Non Durables

2.68%

MRF Ltd. Auto Ancillaries 2.41%

Godrej Consumer Products Ltd.


2.36%


Finance 2.31%


Zee Entertainment Enterprises Ltd.

Media & Entertainment

2.20%


Siemens Ltd.Industrial Capital Goods

2.10%

Indian Oil Corporation Ltd. Petroleum Products 2.07%

Nestle India Ltd.Consumer Non Durables

2.02%

Colgate Palmolive (India) Ltd.


2.00%

PNB Housing Finance Ltd. Finance 1.88%

Container Corporation of India Ltd.



ABB India Ltd.Industrial Capital Goods

1.72%


Mahindra & Mahindra Ltd. Auto 1.48%

Cadila Healthcare Ltd. Pharmaceuticals 1.13%

NMDC Ltd. Minerals/Mining 1.12%

Hindustan Zinc Ltd.Non - Ferrous Metals

1.05%


1.04%

Total 101.10%


Total 8.58%



Total -9.68%

Grand Total 100.00%

INDUSTRIES/RATINGS

21.02%9.62%9.06%8.55%

7.58%7.20%

5.34%5.13%4.44%4.19%3.82%3.66%3.14%2.41%2.20%1.49%1.13%1.12%

-1.10%

BanksAuto

Consumer Non DurablesPetroleum Products

Non - Ferrous MetalsCement

TransportationConstruction Project

GasFinance

Industrial Capital GoodsFerrous Metals

Telecom - ServicesAuto Ancillaries

Media & EntertainmentSoftware

PharmaceuticalsMinerals/Mining

Cash & Equivalent

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.00%

8

RISk PROFILE 30 NOVEMBER 2017

Standard deviation 15.54%

Sharpe@ -0.02

Beta 1.00

Portfolio Turnover (last 12 months) 1.43


NAV (Per Unit) `

Plan AGrowth 13.6800

Dividend 12.5900

Plan B - DirectGrowth 14.1400

Dividend 13.0400

TOTAL EXPENSE RATIO

Plan A 3.22%

Plan B (Direct) 2.16%

30th November, 2017


Baroda Pioneer Banking and Financial Services Fund

Investors understand that their principal will be atHigh risk

This product is suitable for investors who are seeking*• Capital appreciation over long term• Investment predominantly in equity and equity related

securities of companies engaged in the Banking & Financial Services Sector* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The investment objective is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.

FUND DETAILS

Type of Scheme An Open Ended Sectoral Scheme

Date of Allotment June 22, 2012

Fund Manager# Mr. Dipak Acharya(Experience 13 yrs)

Benchmark Nifty Bank Index*

Monthly Average AUM (`) 41.67 Crs



Entry Load NA

Exit Load Exit Load - 1.00% if redeemed on or before 365 days from the date of allotment of units, Nil if redeemed after 365 days from the date of allotment of units





NAV AS ON 30 NOVEMBER 2017NAV (Per Unit) `Plan AGrowth 20.7400Dividend 17.6300Bonus 20.7400Plan B - DirectGrowth 21.5700Dividend 18.4000Bonus NA


PORTFOLIO


% to Net Assets







Bharat Financial Inclusion Ltd.

Finance 7.73%

Kotak Mahindra Bank Ltd. Banks 6.68%



Finance 3.19%



Axis Bank Ltd. Banks 2.60%



Finance 2.33%


Finance 1.77%

IIFL Holdings Ltd. Finance 1.63%

LIC Housing Finance Ltd. Finance 1.41%


The South Indian Bank Ltd. Banks 1.20%

The Jammu & Kashmir Bank Ltd.

Banks 0.99%

The Karur Vysya Bank Ltd. Banks 0.35%

Total 99.21%


Total 1.37%



Total -0.58%

Grand Total 100.00%

INDUSTRIES/RATINGS

78.62%

20.59%

0.79%

Banks

Finance

Cash & Equivalent

An Open Ended Sectoral Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.00%

9

30th November, 2017


Baroda Pioneer Balance Fund


This product is suitable for investors who are seeking*• Capital appreciation along with stability over long term• Investment predominantly in equity and equity related

instruments with balance exposure to money market instruments and debt securities.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The scheme is targeted for long-term capital appreciation along with stability through a well balanced portfolio comprising of equity, equity related instruments, money market instrument and debt securities.

FUND DETAILS

Type of Scheme An Open Ended Balanced Scheme


Fund Manager# Mr. Sanjay Chawla& (Experience 29 yrs) Mr. Dipak Acharya (Experience 13 yrs)

Benchmark CRISIL Balanced Fund Aggressive index(effective April 4, 2016)

Monthly Average AUM (`) 417.06 CrsMonth end AUM (`) 445.65 Crs


Entry Load NA

Exit Load 1% if redeemed on or before 12 months from the date of allotment of units, Nil if redeemed after 12 months from the date of allotment of units





NAV AS ON 30 NOVEMBER 2017NAV (Per Unit) `Plan AGrowth 56.3500Dividend 19.0100Bonus NAPlan B - DirectGrowth 59.4800Dividend 20.7200


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.00% & Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

PORTFOLIO


% to Net

Assets







2.86%



Finance 2.62%


2.36%

The Federal Bank Ltd. Banks 2.25%Petronet LNG Ltd. Gas 2.16%Motherson Sumi Systems Ltd. Auto Ancillaries 2.14%


2.11%




1.99%


Finance 1.88%


Carborundum Universal Ltd. Industrial Products 1.80%

KEC International Ltd.Construction Project

1.78%

Ambuja Cements Ltd. Cement 1.78%Container Corporation of India Ltd.



Commercial Services

1.55%



Bharat Forge Ltd. Industrial Products 1.41%




Bajaj Electricals Ltd.Consumer Durables

1.26%


Finance 1.23%


Supreme Industries Ltd. Industrial Products 1.17%






The South Indian Bank Ltd. Banks 0.89%


0.64%



ITC Ltd.Consumer Non Durables

0.52%

Hindustan Zinc Ltd.Non - Ferrous Metals

0.51%

Total 72.75%

CENTRAL GOVERNMENT SECURITIES

07.61% CGL 2030 Sovereign 1.15%07.88% CGL 2030 Sovereign 0.42%08.24% CGL 2027 Sovereign 0.31%08.83% CGL 2023 Sovereign 0.12%08.60% CGL 2028 Sovereign 0.02%08.28% CGL 2027 Sovereign 0.02%

Total 2.04%

PORTFOLIO


% to Net

Assets

STATE GOVERNMENT SECURITIES

09.72% SDL 2023 Sovereign 0.75%

Total 0.75%

BONDS & NCDs


HDFC Bank Ltd. CRISIL AA+ 4.57%

ICICI Bank Ltd. [ICRA]AA+ 3.43%

Yes Bank Ltd. [ICRA]AA 3.33%

Bank of Baroda CRISIL AA+ 3.15%

Indian Railway Finance Corporation Ltd.

CRISIL AAA 2.27%

Vijaya Bank [ICRA]AA- 1.15%

Dewan Housing Finance Corporation Ltd.

BWR AAA 0.47%

Total 18.37%


Total 5.81%


Net Receivable/Payable 0.28%

Total 0.28%

Grand Total 100.00%

All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.

INDUSTRIES/RATINGS

16.99%7.72%7.26%

6.17%6.09%6.01%

5.36%4.48%4.38%

3.43%3.38%3.33%2.87%2.79%2.42%2.41%2.27%2.09%1.77%1.55%1.48%1.33%1.15%1.12%1.11%

0.57%0.47%

BanksCRISIL AA+

FinanceAuto

Cash & EquivalentGas

Consumer DurablesAuto Ancillaries

Industrial Products[ICRA]AA+

Consumer Non Durables[ICRA]AA

Non - Ferrous MetalsSovereign

Construction ProjectCement

CRISIL AAAChemicals

TransportationCommercial Services

ConstructionFerrous Metals

[ICRA]AA-Telecom - Services

PesticidesSoftware

BWR AAA

An Open Ended Balanced Scheme

10

30th November, 2017


Baroda Pioneer Monthly Income Plan (MIP) Fund

Investors understand that their principal will be at Moderate risk

This product is suitable for investors who are seeking*• Regular Income and capital appreciation over medium

term with providing liquidity• Investment in debt and money market instruments and

in equity and equity related instruments.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate regular income through investment in debt and money market instruments and also to generate long-term capital appreciation by investing a portion in equity and equity related instruments.

FUND DETAILS

Type of Scheme An Open Ended Income Scheme with no assured returns.


Fund Manager Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark CRISIL MIP Blended Index




Entry Load NA

Exit Load NIL


Options • Growth (default option in case no option specified by investor);• Monthly Dividend (default) 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)• Quarterly Dividend 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$



NAV (Per Unit) `Plan AGrowth 22.2755Dividend - Monthly 13.6967Dividend - Quarterly 13.4489Plan B - Direct

Growth 23.1950Dividend - Monthly 14.0485Dividend - Quarterly 13.8310

PORTFOLIO CHARACTERISTIC

Average Maturity (Days) 1787.47Modified Duration (Years) 3.26Portfolio Yield (%) 7.15

TOTAL EXPENSE RATIO


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

PORTFOLIO


% to Net

Assets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesHDFC Bank Ltd. Banks 1.33%

MRF Ltd. Auto Ancillaries 1.23%



Finance 1.02%


0.98%


0.86%


0.86%


Finance 0.69%






BEML Ltd.Industrial Capital Goods

0.60%


0.56%

Carborundum Universal Ltd.Industrial Products

0.55%


Quess Corp Ltd.Commercial Services

0.51%


National Aluminium Company Ltd.

Non - Ferrous Metals

0.44%

Nestle India Ltd.Consumer Non Durables

0.41%

Gujarat State Fertilizers & Chemicals Ltd.

Fertilisers 0.38%


JK Cement Ltd. Cement 0.36%

Bharti Airtel Ltd.Telecom - Services

0.36%

PC Jeweller Ltd.Consumer Durables

0.35%


Container Corporation of India Ltd.


IIFL Holdings Ltd. Finance 0.33%


Finance 0.33%

Orient Cement Ltd. Cement 0.32%




Tata Sponge Iron Ltd. Ferrous Metals 0.26%

Total 19.83%


08.60% CGL 2028 Sovereign 11.71%

07.61% CGL 2030 Sovereign 10.94%

07.88% CGL 2030 Sovereign 9.30%

07.59% CGL 2026 Sovereign 3.68%

08.24% CGL 2027 Sovereign 1.90%

07.59% CGL 2029 Sovereign 1.82%

Total 39.35%

PORTFOLIO


% to Net

Assets

BONDS & NCDs


IndusInd Bank Ltd. CRISIL AA 3.64%

Tata Capital Financial Services Ltd.

[ICRA]AA+ 3.59%

India Infoline Housing Finance Ltd.

[ICRA]AA 2.86%

IIFL Facilities Services Ltd. [ICRA]AA 2.33%

Power Grid Corporation of India Ltd.

CRISIL AAA 2.25%

Total 14.67%


Total 24.34%



Total 1.81%

Grand Total 100.00%


RATING PROFILE

39.35%26.15%

5.19%3.71%3.64%3.59%2.37%2.25%2.25%1.70%1.30%1.13%1.03%0.96%0.91%0.88%0.60%0.60%0.55%0.51%0.38%0.36%0.33%0.26%

SovereignCash & Equivalent

[ICRA]AABanks

CRISIL AA[ICRA]AA+

FinanceConsumer Non Durables

CRISIL AAAAuto Ancillaries

Non - Ferrous MetalsAutoGas

CementConsumer Durables

Ferrous MetalsChemicals

Industrial Capital GoodsIndustrial Products

Commercial ServicesFertilisers

Telecom - ServicesTransportation

Pesticides

INSTRUMENTS

39.35%

24.34%

19.83%

14.67%

1.81% CENTRALGOVERNMENTSECURITIESCBLO / Reverse RepoInvestments

EQUITY & EQUITYRELATED

BONDS & NCDs

Cash & CashEquivalents

An Open Ended Income Scheme with no assured returns.(Monthly income is not assured and is subject to the availability of distributable surplus.)

11

30th November, 2017


Baroda Pioneer Credit Opportunities Fund


This product is suitable for investors who are seeking*• Income over medium term.• Investment in a mix of debt and money market

instruments across the credit and maturity spectrum.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary objective of the Scheme is to generate returns by investing in debt and money market instruments across the credit spectrum. There is no assurance or guarantee that the investment objective of the Scheme will be realized.

FUND DETAILS

Type of Scheme An Open Ended Debt SchemeDate of Allotment January 23, 2015Fund Manager Mr. Alok Sahoo#

(Experience 17 yrs), Mr. Karn Kumar&

(Experience 13 yrs)

Benchmark CRISIL Short Term Bond Fund Index


910.03 Crs

Month end AUM (`) 912.80 CrsMinimum Investment ` 5,000/- & in multiples of ` 1/-

thereafterEntry Load NAExit Load If units are redeemed upto 10%

of the units, on or before one year from the date of allotment : Nil If units are redeemed over and above the 10% limit, on or before one year from the date of allotment : 1% of the applicable Net Asset Value (NAV) If units are redeemed after one year from the date of allotment : Nil

Plans Plan A and Plan B (Direct)Options • Growth (default option in case no

option specified by investor);• Monthly Dividend 1.Payout 2.Reinvestment (default sub-option in case no option specified by investor)• Quarterly Dividend 1.Payout 2.Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$




TOTAL EXPENSE RATIO


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds, if any, managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22& Mr. Karn Kumar is managing the Scheme along with Mr. Alok Sahoo effective July 24, 2017

PORTFOLIO


% to Net

Assets

MONEY MARkET INSTRUMENT

Commercial Paper**

Peninsula Land Ltd. [ICRA]A1 6.71%

Adani Enterprises Ltd. BWR A1+ 2.69%

Total 9.40%


08.40% CGL 2024 Sovereign 0.35%

07.61% CGL 2030 Sovereign 0.11%

Total 0.46%

BONDS & NCDsListed / awaiting listing on the stock exchanges

Piramal Enterprises Ltd. [ICRA]AA 7.68%

Apollo Hospitals Enterprise Ltd. CRISIL AA 6.46%

Edelweiss Commodities Services Ltd.

[ICRA]AA 6.13%

Aspire Home Finance Corporation Ltd.

[ICRA]AA- 5.71%



BWR AAA 4.43%

IIFL Facilities Services Ltd. [ICRA]AA 4.19%

India Infoline Housing Finance Ltd. CRISIL AA 3.93%

Edelweiss Housing Finance Ltd. [ICRA]AA 2.88%


CARE AA 2.78%

ICICI Bank Ltd. [ICRA]AA+ 2.78%

Indiabulls Housing Finance Ltd. BWR AAA 2.25%

Indiabulls Housing Finance Ltd. CARE AAA 1.67%


CRISIL AAA 1.26%

Bank of Baroda CRISIL AA+ 1.20%

HDFC Bank Ltd. CRISIL AA+ 1.11%

Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA 1.11%

Yes Bank Ltd. [ICRA]AA 1.08%

Janalakshmi Financial Services Ltd. [ICRA]A 0.66%

Bank of Baroda CARE AA 0.11%

Total 62.42%

UnlistedARM Infra & Utilities Private Ltd. BWR A1+ (SO) 4.92%

IIFL Wealth Finance Ltd. [ICRA]AA 4.49%

Cyquator Media Services Private Ltd.

BWR A1+ (SO) 4.39%

Janalakshmi Financial Services Ltd. [ICRA]A 1.95%

Total 15.75%

Investment Funds/Mutual FundsBaroda Pioneer Liquid Fund - Plan B (Direct) - Growth Option

[ICRA]A1+mfs 2.74%

Total 2.74%

CBLO /Reverse Repo investments 6.70%

Total 6.70%



Total 2.53%

Grand Total 100.00%

All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.**Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

RATING PROFILE

27.56%

15.39%

9.31%

9.23%

6.71%

6.68%

5.71%

2.89%

2.78%

2.74%

2.69%

2.61%

2.31%

1.67%

1.26%

0.46%

[ICRA]AA

CRISIL AA

BWR A1+ (SO)

Cash & Equivalent

[ICRA]A1

BWR AAA

[ICRA]AA-

CARE AA

[ICRA]AA+

[ICRA]A1+mfs

BWR A1+

[ICRA]A

CRISIL AA+

CARE AAA

CRISIL AAA

Sovereign

INSTRUMENTS

62.42%

15.75%

9.40%

6.70%2.74%

2.53%0.46%

BONDS & NCDsUnlistedMONEY MARKETINSTRUMENTCBLO / Reverse RepoInvestmentsInvestmentFunds/Mutual FundsCash & CashEquivalentsCENTRALGOVERNMENTSECURITIES


NAV (Per Unit) `Plan ABonus NAGrowth 13.2113Dividend - Quarterly 10.8704Dividend - Monthly 10.8568Plan B - Direct

Bonus 13.6757Growth 13.6757Dividend - Quarterly 11.2620Dividend - Monthly 11.3047

An Open Ended Debt Scheme

12

30th November, 2017


Baroda Pioneer Gilt Fund



• Credit risk free regular Income over long term

• Investment only in Government (both Central and State Government) Securities* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate income by investing in a portfolio of Government securities.

FUND DETAILS

Type of Scheme An Open Ended Gilt SchemeDate of Allotment March 21, 2002Fund Manager Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark I SEC-MI BEXMonthly Average AUM (`)

46.50 Crs


thereafterEntry Load NAExit Load 0.25% if redeemed on or before

1 month (30 days) from the date of allotment of units. Nil if redeemed after 1 month (30 days) from the date of allotment of units

Plans Plan A and Plan B (Direct)Options • Growth (default option in case no

option specified by investor);• Dividend 1 .Payout 2 .Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 1.98%


PORTFOLIO


% to Net Assets


07.59% CGL 2029 Sovereign 17.15%

07.61% CGL 2030 Sovereign 13.19%

07.88% CGL 2030 Sovereign 10.00%

08.24% CGL 2027 Sovereign 7.32%

08.28% CGL 2027 Sovereign 5.52%

08.83% CGL 2023 Sovereign 2.81%

08.60% CGL 2028 Sovereign 1.65%

07.59% CGL 2026 Sovereign 1.11%

Total 58.75%


09.39% SDL 2023 Sovereign 5.93%

Total 5.93%


Total 34.53%



Total 0.79%

Grand Total 100.00%

RATING PROFILE

64.68%

35.32%

Sovereign

Cash & Equivalent

INSTRUMENTS

58.75%

34.53%

5.93% 0.79% CENTRALGOVERNMENTSECURITIES

CBLO / Reverse RepoInvestments

STATE GOVERNMENTSECURITIES



An Open Ended Gilt Scheme

13

30th November, 2017


Baroda Pioneer Income Fund


This product is suitable for investors who are seeking*• Regular Income over long term• Investment predominantly in good quality Fixed Income

Securities by maintaining a balance between Risk & Return.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate regular income by investing in a portfolio of good quality Fixed Income Securities by maintaining a balance between Risk & Return.

FUND DETAILS

Type of Scheme An Open Ended Income SchemeDate of Allotment March 21, 2002Fund Manager Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark CRISIL Composite Bond Fund IndexMonthly Average AUM (`)

22.42 Crs


thereafterEntry Load NAExit Load If units are redeemed upto 10%

of the units, on or before one year from the date of allotment : NilIf units are redeemed over and above the 10% limit, on or before one year from the date of allotment : 1% of the applicable Net Asset Value (NAV) If units are redeemed after one year from the date of allotment : Nil


Options • Growth (default option in case no option specified by investor);• Dividend 1.Payout 2.Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$






TOTAL EXPENSE RATIO


PORTFOLIO


% to Net Assets


07.59% CGL 2026 Sovereign 11.51%

08.40% CGL 2024 Sovereign 9.56%

07.88% CGL 2030 Sovereign 9.31%

08.83% CGL 2023 Sovereign 8.76%

08.60% CGL 2028 Sovereign 4.40%

07.59% CGL 2029 Sovereign 2.28%

Total 45.82%


09.35% SDL 2024 Sovereign 3.69%

08.58% SDL 2023 Sovereign 3.36%

09.39% SDL 2023 Sovereign 2.13%

08.60% SDL 2023 Sovereign 0.63%

Total 9.81%

BONDS & NCDs




[ICRA]AA 8.97%


BWR AAA 8.29%


CRISIL AAA 8.14%

Total 34.51%


Total 7.92%



Total 1.94%

Grand Total 100.00%


RATING PROFILE

9.86%

9.11%

8.97%

8.29%

8.14%

Sovereign

Cash & Equivalent

CRISIL AA

[ICRA]AA

BWR AAA

CRISIL AAA

55.63%

INSTRUMENTS

45.82%

34.51%

9.81%

7.92%1.94% CENTRAL

GOVERNMENTSECURITIESBONDS & NCDs

STATE GOVERNMENTSECURITIESCBLO / Reverse RepoInvestmentsCash & CashEquivalents

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

An Open Ended Income Scheme

14

30th November, 2017


Baroda Pioneer Dynamic Bond Fund


This product is suitable for investors who are seeking*• Regular Income over medium term with providing

liquidity• Investment in medium to long term corporate bonds

and / or government securities and manage the portfolio dynamically through different interest rate cycles* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The investment objective of the scheme is to generate returns with liquidity by managing the portfolio dynamically through interest rate cycles.

FUND DETAILS

Type of Scheme An Open Ended Income Scheme


Fund Manager Mr. Alok Sahoo# (Experience 17 yrs), Ms. Hetal Shah# (Experience 15 yrs)

Benchmark CRISIL Composite Bond Fund Index




Entry Load NA

Exit Load 0.50% if redeemed within 3 months from the date of allotment of units, Nil if redeemed after 3 months from the date of allotment of units


Options • Growth (default option in case no option specified by investor);• Dividend 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 1.62%


PORTFOLIO


% to Net Assets


08.28% CGL 2027 Sovereign 12.52%

08.83% CGL 2023 Sovereign 7.65%

07.59% CGL 2029 Sovereign 5.74%

07.59% CGL 2026 Sovereign 4.82%

08.60% CGL 2028 Sovereign 1.54%

Total 32.27%


09.72% SDL 2023 Sovereign 10.43%

Total 10.43%

BONDS & NCDs



BWR AAA 9.66%


CRISIL AAA 8.53%

Janalakshmi Financial Services Ltd.

[ICRA]A 8.44%


Total 31.40%


Total 24.23%



Total 1.67%

Grand Total 100.00%


RATING PROFILE

42.70%

25.90%

9.66%

8.53%

8.44%

4.77%

Sovereign

Cash & Equivalent

BWR AAA

CRISIL AAA

[ICRA]A

CRISIL AA

INSTRUMENTS

32.27%

31.40%

24.23%

10.43%1.67% CENTRAL

GOVERNMENTSECURITIESBONDS & NCDs


STATE GOVERNMENTSECURITIES




15

30th November, 2017


Baroda Pioneer Short Term Bond Fund

Investors understand that their principal will be at Moderately Low risk

This product is suitable for investors who are seeking*• Regular Income over short term• Investment predominantly in Money Market Instruments

(i.e. CP/CD) and Short Term Debt Market Instruments* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The objective of the Scheme is to generate income from a portfolio constituted of short term debt and money market securities.

FUND DETAILS

Type of Scheme An Open Ended Income Scheme


Fund Manager Mr. Alok Sahoo# (Experience 17 yrs), Ms. Hetal Shah# (Experience 15 yrs)

Benchmark CRISIL Short Term Bond Fund Index




Entry Load NA

Exit Load 0.25% if redeemed on or before 15 days from the date of allotment of units. Nil if redeemed after 15 days from the date of allotment of units


Options • Growth (default option in case no option specified by investor);• Monthly Dividend^ 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)• Quarterly Dividend^ 1. Payout 2. Reinvestment (default sub-option in case no option specified by investor)






TOTAL EXPENSE RATIO

Plan A 1.28%


PORTFOLIO


% to Net Assets


Certificate of Deposit**

HDFC Bank Ltd. IND A1+ 2.42%

Total 2.42%

Commercial Paper**

Export-Import Bank of India CRISIL A1+ 7.95%

Edelweiss Agri Value Chain Ltd.

[ICRA]A1+ 2.37%

Peninsula Land Ltd. [ICRA]A1 1.29%

Total 11.61%

BONDS & NCDs


Piramal Enterprises Ltd. [ICRA]AA 5.67%

Power Finance Corporation Ltd.

CRISIL AAA 5.67%

PNB Housing Finance Ltd. IND AAA 5.65%


CARE AA 5.26%

Indiabulls Housing Finance Ltd.

CARE AAA 4.93%

Manappuram Finance Ltd. CRISIL AA- 4.61%


BWR AAA 4.13%

L&T Finance Ltd. [ICRA]AA+ 4.07%

Tata Capital Financial Services Ltd.

[ICRA]AA+ 3.89%

Housing Development Finance Corporation Ltd.

CRISIL AAA 3.29%


[ICRA]AA 2.43%


[ICRA]AA 2.13%


CRISIL A+ 1.47%


[ICRA]A 1.16%

India Infoline Finance Ltd. [ICRA]AA 1.03%

JSW Steel Ltd. CARE AA- 0.83%

Power Grid Corporation of India Ltd.

CRISIL AAA 0.73%


[ICRA]AA- 0.66%

Total 57.61%

Unlisted

IIFL Wealth Finance Ltd. [ICRA]AA 5.81%

ARM Infra & Utilities Private Ltd.

BWR A1+ (SO)

5.65%


BWR A1+ (SO)

2.43%


[ICRA]A 1.12%

Total 15.01%

PORTFOLIO


% to Net Assets


Total 10.49%



Total 2.86%

Grand Total 100.00%


RATING PROFILE

17.07%13.35%

9.69%8.08%7.96%7.95%

5.65%5.26%4.93%4.61%

4.13%2.42%2.37%2.28%

1.47%1.29%

0.83%0.66%

[ICRA]AACash & Equivalent

CRISIL AAABWR A1+ (SO)

[ICRA]AA+CRISIL A1+

IND AAACARE AA

CARE AAACRISIL AA-BWR AAA

IND A1+[ICRA]A1+

[ICRA]ACRISIL A+[ICRA]A1

CARE AA-[ICRA]AA-

INSTRUMENTS

57.61%

15.01%

11.61%

10.49%2.86% 2.42% BONDS & NCDs

Unlisted

Commercial Paper



MONEY MARKETINSTRUMENT


^ The Dividend Option has been renamed as Monthly Dividend Option and a Quarterly Dividend Option has been introduced effective December 23, 2016.$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

16

30th November, 2017


[ICRA] A1+ mfs*Baroda Pioneer Treasury Advantage Fund

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Pioneer Treasury Advantage Fund (earlier called Institutional Plan) *For Disclaimer please refer page no 22# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

Investors understand that their principal will be at Moderately Low risk

This product is suitable for investors who are seeking*• Regular income over short term with maintaining a

balance between returns and liquidity• Investment predominantly in Money Market (i.e. CP/

CDs) and Debt Market Instruments* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The main objective of the scheme is to provide optimal returns and liquidity through a portfolio comprising of debt securities and money market instruments

FUND DETAILS

Type of Scheme An Open Ended Debt Scheme


Fund Manager Mr. Alok Sahoo#

(Experience 17 yrs), Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark CRISIL Liquid Fund Index


2,642.52 Crs

Month end AUM (`) 2,556.95 Crs


Entry Load NA

Exit Load Nil


Options

• Growth (default option in case no option specified by investor); • Daily Dividend 1 .Reinvestment • Weekly Dividend 1 .Reinvestment • Monthly Dividend 1 .Payout 2 . Reinvestment (default sub-option in case no option specified by investor)• Quarterly Dividend 1.Payout 2 . Reinvestment (default sub-option in case no option specified by investor)• Bonus Option$

SIP (Minimum) ` 500/month - 12 Instalments` 1500/quarter - 4 Instalments



TOTAL EXPENSE RATIO

Plan A 0.81%


PORTFOLIOName of Instruments Ratings /

Industries% to

Net Assets

MONEY MARkET INSTRUMENTCertificate of Deposit**HDFC Bank Ltd. IND A1+ 7.77%IndusInd Bank Ltd. CRISIL A1+ 2.10%Axis Bank Ltd. CRISIL A1+ 2.08%Total 11.95%Commercial Paper**Export-Import Bank of India CRISIL A1+ 8.38%Edelweiss Commodities Services Ltd.

[ICRA]A1+ 7.21%

IIFL Wealth Finance Ltd. CRISIL A1+ 5.04%Edelweiss Agri Value Chain Ltd. [ICRA]A1+ 2.48%Housing Development Finance Corporation Ltd.

CARE A1+ 2.11%

Power Finance Corporation Ltd. CRISIL A1+ 1.05%Kotak Commodity Services Private Ltd.

[ICRA]A1+ 1.04%

Godrej Properties Ltd. CRISIL A1+ 1.04%Peninsula Land Ltd. [ICRA]A1 0.42%Total 28.77%BONDS & NCDsListed / awaiting listing on the stock exchangesIndiabulls Housing Finance Ltd. CARE AAA 6.63%Dewan Housing Finance Corporation Ltd.

BWR AAA 6.08%

Piramal Enterprises Ltd. [ICRA]AA 5.07%Power Finance Corporation Ltd. CRISIL AAA 4.05%Yes Bank Ltd. [ICRA]AA 2.08%Manappuram Finance Ltd. CRISIL AA- 2.02%Aspire Home Finance Corporation Ltd.

[ICRA]AA- 1.99%

Apollo Hospitals Enterprise Ltd. CRISIL AA 1.87%Janalakshmi Financial Services Ltd.

[ICRA]A 1.47%

IndusInd Bank Ltd. CRISIL AA 1.11%Bank of Baroda CARE AA 1.03%Edelweiss Commodities Services Ltd.

CARE AA 0.77%


CRISIL A+ 0.68%

ICICI Bank Ltd. [ICRA]AA+ 0.43%India Infoline Finance Ltd. [ICRA]AA 0.40%Power Grid Corporation of India Ltd.

CRISIL AAA 0.31%

Indiabulls Housing Finance Ltd. BWR AAA 0.22%Housing Development Finance Corporation Ltd.

CRISIL AAA 0.21%


[ICRA]AA 0.09%


[ICRA]AA 0.08%

Steel Authority of India Ltd. IND AA- 0.08%Total 36.67%Unlisted

ARM Infra & Utilities Private Ltd.BWR A1+ (SO)

4.21%


BWR A1+ (SO)

0.84%

Powergrid Vizag Transmission Ltd.

CRISIL AAA (SO)

0.43%

Total 5.48%CBLO / Reverse Repo Investments 20.14%Total 20.14%Cash & Cash EquivalentsNet Receivable/Payable -6.95%Total -6.95%Grand Total 100.00%


RATING PROFILE

19.69%13.19%

10.73%7.77%7.72%

6.63%6.30%

5.05%4.57%

3.94%2.98%

2.11%2.02%1.99%1.80%1.47%

0.68%0.43%0.43%0.42%0.08%

CRISIL A1+Cash & Equivalent

[ICRA]A1+IND A1+

[ICRA]AACARE AAABWR AAA

BWR A1+ (SO)CRISIL AAA

SovereignCRISIL AACARE A1+CRISIL AA-[ICRA]AA-CARE AA

[ICRA]ACRISIL A+

CRISIL AAA (SO)[ICRA]AA+

[ICRA]A1IND AA-

INSTRUMENTS

36.67%

28.77%

20.14%

11.95%

5.48%3.94%

-6.95% BONDS & NCDsCommercial Paper

CBLO / Reverse RepoInvestmentsMONEY MARKETINSTRUMENT

Unlisted

Treasury Bills



NAV (Per Unit) `Regular

Growth 1937.9351

Dividend - Daily 1006.5930

Dividend - Weekly 1004.7468

Dividend - Monthly 1003.7588

Dividend - Quarterly NA

Plan A

Bonus 1972.7891

Growth 1987.1765




Dividend - Quarterly 1041.5019

Plan B - Direct

Bonus NA

Growth 2019.0765




Dividend - Quarterly 1048.8286

An Open Ended Debt Scheme

17

30th November, 2017


[ICRA] A1+ mfs*Baroda Pioneer Liquid Fund

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Pioneer Liquid Fund (earlier called Institutional Plan) *For Disclaimer please refer page no 22# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22 & Aggregate investments made by other schemes of Baroda Pioneer Mutual Fund – Rs.25.00 crores

Investors understand that their principal will be atLow risk


• Regular income over short term with high level of liquidity

• Investment predominantly in Money Market (i.e. CP / CDs) Instruments* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate income with a high level of liquidity by investing in a portfolio of money market and debt securities.

FUND DETAILS

Type of Scheme An Open Ended Liquid Scheme

Date of Allotment February 5, 2009

Fund Manager Mr. Alok Sahoo#

(Experience 17 yrs), Ms. Hetal Shah#

(Experience 15 yrs)

Benchmark CRISIL Liquid Fund Index

Monthly Average AUM (`)&

5,854.07 Crs

Month end AUM (`) 5,882.16 Crs


Entry Load NA

Exit Load Nil


Options • Growth (default option in case no option specified by investor);• Daily Dividend 1.Reinvestment• Weekly Dividend 1.Reinvestment• Bonus Option$

SIP (Minimum) ` 500/month - 12 Instalments` 1500/quarter - 4 Instalments



TOTAL EXPENSE RATIOPlan A 0.21%


PORTFOLIO


% to Net

Assets


Certificate of Deposit**

Axis Bank Ltd. CRISIL A1+ 5.91%

ICICI Bank Ltd. [ICRA]A1+ 4.21%

IndusInd Bank Ltd. CRISIL A1+ 3.38%

HDFC Bank Ltd. IND A1+ 3.37%

Total 15.18%

Commercial Paper**

National Housing Bank [ICRA]A1+ 5.07%

National Bank for Agriculture and Rural Development CRISIL A1+ 5.06%

Housing Development Finance Corporation Ltd.

CARE A1+ 5.06%

Reliance Industries Ltd. CRISIL A1+ 4.22%

Export-Import Bank of India CRISIL A1+ 4.21%

India Infoline Housing Finance Ltd. CRISIL A1+ 3.52%

Edelweiss Commodities Services Ltd. [ICRA]A1+ 3.37%

L&T Housing Finance Ltd. CARE A1+ 3.37%

Tata Motors Ltd. [ICRA]A1+ 3.37%

Gruh Finance Ltd. CRISIL A1+ 2.54%

India Infoline Finance Ltd. [ICRA]A1+ 2.54%

SREI Equipment Finance Ltd. CARE A1+ 2.51%

IIFL Facilities Services Ltd. CRISIL A1+ 2.44%

Aditya Birla Housing Finance Ltd. [ICRA]A1+ 1.69%

Rural Electrification Corporation Ltd. CRISIL A1+ 1.69%

Muthoot Homefin (I) Ltd. [ICRA]A1+ 1.68%

Power Finance Corporation Ltd. CRISIL A1+ 1.27%

Adani Enterprises Ltd. BWR A1+ 0.99%

Total 54.60%

Treasury Bills

TBILL 91 DAY 28 Dec 17 Sovereign 5.62%

TBILL 91 DAY 21 Dec 17 Sovereign 2.13%

TBILL 91 DAY 15 Feb 18 Sovereign 0.88%

TBILL 91 DAY 01 Mar 18 Sovereign 0.71%

Total 9.34%

Fixed Deposit

The South Indian Bank Ltd. Unrated 2.54%

RBL Bank Ltd. Unrated 2.54%

Yes Bank Ltd. Unrated 1.69%

The South Indian Bank Ltd. Unrated 1.69%

Ujjivan Small Finance Bank Ltd. Unrated 1.69%

Total 10.15%

CBLO /Reverse Repo investments 10.58%

Total 10.58%



Total 0.15%

Grand Total 100.00%


RATING PROFILE

32.55%

21.93%

10.94%

10.73%

10.15%

9.34%

3.37%

0.99%

CRISIL A1+

[ICRA]A1+

CARE A1+

Cash & Equivalent

Unrated

Sovereign

IND A1+

BWR A1+

INSTRUMENTS

54.60%15.18%

10.58%

10.15%

9.34% 0.15% Commercial Paper

MONEY MARKETINSTRUMENT


Fixed Deposit

Treasury Bills



NAV (Per Unit) `RegularGrowth 2860.7493

Dividend 2450.9581Dividend - Daily 1006.0602Plan AGrowth 1944.1094Dividend - Daily 1001.1191Dividend - Weekly 1000.5169Plan B - DirectBonus 1953.3811Growth 1953.0464Dividend - Daily 1001.8422Dividend - Weekly 1219.5913

An Open Ended Liquid Scheme

18

30th November, 2017


Investment Performance

Funds Managed by Mr. Sanjay Chawla & Mr. Dipak Acharya

Date Of Inception: 12/09/20031 Year 3 Years 5 Years

Since InceptionScheme Name & Benchmark

Baroda Pioneer Growth Fund (in %)^ 27.39 9.52 15.39 17.65

S&P BSE 200 (Scheme Benchmark) (in %)* 27.24 8.83 13.63 15.78

Nifty 50 (Standard Benchmark) (in %)$ 24.34 5.98 11.70 15.16

` 10,000, if invested in BPGF, would have become `12,739 `13,145 `20,464 `1,00,970

` 10,000, if invested in S&P BSE 200, would have become `12,724 `12,898 `18,947 `80,372

` 10,000, if invested in Nifty 50, would have become `12,434 `11,908 `17,393 `74,532

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.



Baroda Pioneer ELSS’ 96 Fund (in %)^ 27.62 8.97 15.73 13.14

S&P BSE 200 (Scheme Benchmark) (in %)* 27.24 8.83 13.63 12.60


`10,000, if invested in BPELSS’96F, would have become `12,762 `12,948 `20,764 `1,45,346

`10,000, if invested in S&P BSE 200, would have become `12,724 `12,898 `18,947 `1,31,078

`10,000, if invested in Nifty 50, would have become `12,434 `11,908 `17,393 `1,03,791

^Past performance may or may not be sustained in the future.Data is for Dividend Option and the last working day of November has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing NAVs. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.



Baroda Pioneer Balance Fund (in %)^ 23.06 9.99 13.73 12.92

CRISIL Balanced Fund - Aggressive index& (Scheme Benchmark) (in %) 16.88 7.35 11.02 12.55


`10,000, if invested in BPBF, would have become `12,306 `13,318 `19,031 `56,350

`10,000, if invested in CRISIL Balanced Fund - Aggressive index (effective April 4, 2016), would have become `11,688 `12,378 `16,871 `53,752

`10,000, if invested in Nifty 50, would have become `12,434 `11,908 `17,393 `74,532

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015. &(Benchmark has been renamed effective April 4, 2016)



Baroda Pioneer Mid-Cap Fund (in %)^ 32.10 3.35 6.88 -0.06

S&P BSE MidCap (Scheme Benchmark)& (in %) 35.35 18.05 19.63 10.51


`10,000, if invested in BPMCF, would have become `13,210 `11,042 `13,950 `9,960

`10,000, if invested in S&P BSE MidCap, would have become `13,535 `16,472 `24,511 `20,456


^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. & (Scheme Benchmark has been changed to S&B BSE Mid-cap Index effective October 3, 2016)

19

30th November, 2017



Funds Managed by Mr. Sanjay Chawla & Mr. Dipak Acharya



Baroda Pioneer Large Cap Fund (in %)^ 16.43 5.67 11.88 4.30

Nifty 100 (Scheme Benchmark)& (in %) 25.80 7.62 12.97 9.90


`10,000, if invested in BPLCF, would have become `11,643 `11,803 `17,538 `13,680

`10,000, if invested in Nifty 100 would have become `12,580 `12,471 `18,407 `20,202


^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. &(Scheme Benchmark has been changed to Nifty 100 effective October 3, 2016)

Funds Managed by Mr. Dipak AcharyaDate Of Inception: 22/06/2012

1 Year 3 Years 5 YearsSince

InceptionScheme Name & Benchmark

Baroda Pioneer Banking and Financial Services Fund (in %)^ 27.40 8.65 12.73 14.34

Nifty Bank Index (Scheme Benchmark) (in %) 35.99 10.99 15.80 18.54


`10,000, if invested in BPBFSF, would have become `12,740 `12,834 `18,209 `20,740

`10,000, if invested in Nifty Bank Index, would have become `13,599 `13,683 `20,834 `25,236


^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.



Baroda Pioneer Short Term Bond Fund (in %)^ 7.70 8.75 8.74 8.31

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 5.94 8.44 8.78 8.39

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 5.67 7.23 7.21 6.94

`10,000, if invested in BPSTBF, would have become `10,770 `12,870 `15,210 `18,088

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become `10,594 `12,760 `15,238 `18,185

`10,000, if invested in CRISIL 1 year T-Bill, would have become `10,567 `12,336 `14,168 `16,456


Funds Managed by Mr. Alok Sahoo and Ms Hetal Shah

20

Date Of Inception: 05/02/2009 1 Year 3 Years 5 Years


Baroda Pioneer Liquid Fund (in %)^ 6.67 7.66 8.26 7.83

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 6.62 7.53 8.14 7.45

CRISIL 1 year T-Bill (Standard Benchmark) (in%)$ 5.67 7.24 7.21 6.22

`10,000, if invested in BPLF, would have become `10,667 `12,480 `14,877 `19,441

`10,000, if invested in CRISIL Liquid Fund Index, would have become `10,662 `12,435 `14,794 `18,844

`10,000, if invested in CRISIL 1 year T-Bill, would have become `10,567 `12,336 `14,168 `17,022


30th November, 2017



Funds Managed by Mr. Alok Sahoo and Ms. Hetal Shah



Baroda Pioneer Treasury Advantage Fund (in %)^ 7.54 8.72 8.96 8.48

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 6.62 7.51 8.14 7.48


`10,000, if invested in BPTAF, would have become `10,754 `12,858 `15,364 `19,872

`10,000, if invested in CRISIL Liquid Fund Index, would have become `10,662 `12,435 `14,794 `18,389

`10,000, if invested CRISIL 1 year T-Bill, would have become `10,567 `12,336 `14,168 `16,795


Date of Inception: 23/01/20151 Year Since Inception

Scheme Name & Benchmark

Baroda Pioneer Credit Opportunities Fund (in %)^ 8.17 10.25

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 5.94 8.31

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 5.67 7.11

`10,000, if invested in BPCOF, would have become `10,817 `13,211

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become `10,594 `12,558

`10,000, if invested CRISIL 1 year T-Bill, would have become `10,567 `12,166

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. The Scheme has been in existence for less than 3 years.Mr. Karn Kumar is managing the scheme along with Mr. Alok Sahoo since July 24, 2017.



Baroda Pioneer Monthly Income Plan (MIP) Fund (in %)^* 5.65 7.64 8.90 6.24

CRISIL MIP Blended Index (Scheme Benchmark) (in %) 6.76 8.91 9.60 8.56

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ -0.14 8.47 7.53 5.98

`10,000, if invested in BPMIPF, would have become `10,565 `12,478 `15,317 `22,276

`10,000, if invested in CRISIL MIP Blended Index, would have become `10,676 `12,926 `15,818 `29,664

`10,000, if invested in CRISIL 10 Year Gilt Index, would have become `9,986 `12,770 `14,381 `21,577

^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of November has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Funds Managed by Ms. Hetal Shah

21

*Monthly income is not assured and is subject to the availability of distributable surplus.

Date of Inception: 30/06/20121 Year 3 Years 5 Years


Baroda Pioneer Dynamic Bond Fund (in %)^ 3.79 9.33 9.32 9.33

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 3.85 9.28 9.07 9.12


`10,000, if invested in BPDBF, would have become `10,379 `13,076 `15,617 `16,219

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become `10,385 `13,059 `15,441 `16,048

`10,000, if invested CRISIL 1 year T-Bill, would have become `10,567 `12,336 `14,168 `14,628


Funds Managed by Mr. Alok Sahoo and Mr. karn kumar

30th November, 2017



Funds Managed by Ms. Hetal Shah



Baroda Pioneer Income Fund (in %)^ 1.85 7.66 7.99 6.32

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 3.85 9.28 9.07 7.12

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ -0.14 8.47 7.53 6.67

`10,000, if invested in BPIF, would have become `10,185 `12,485 `14,693 `26,189

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become `10,385 `13,059 `15,441 `29,438



Disclaimers: Nifty Bank Index and Nifty 100: Baroda Pioneer Large Cap Fund and Baroda Pioneer Banking and Financial Services Fund (“said Schemes”) offered by Baroda Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty 100 and Nifty Bank Index or particularly in the ability of the Nifty Bank Index to track general stock market performance in India. Please read the full disclaimers in relation to the Nifty 100 and Nifty Bank Index in the Offer Document / Prospectus / Information Statement.

S&P BSE 200: Baroda Pioneer Growth Fund and Baroda Pioneer ELSS’ 96 Fund (“said Schemes”) offered by Baroda Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to S&P BSE 200 or particularly in the ability of the S&P BSE 200 and to track general stock market performance in India. Please read the full disclaimers in relation to the S&P BSE 200 in the Offer Document / Prospectus / Information Statement.

S&P BSE Midcap Index is a product of AIPL, a joint venture among affiliates of S&P Dow Jones Indices LLC (“SPDJI”) and BSE Limited (“BSE”), and has been licensed for use by Baroda Pioneer Asset Management Company Ltd. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); BSE® is registered trademarks of BSE Limited; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by AIPL and sublicensed for certain purposes by Baroda Pioneer Asset Management Company Ltd. Baroda Pioneer Mid-Cap Fund is not sponsored, endorsed, sold or promoted by SPDJI, BSE, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P BSE Midcap Index.

*ICRA Credit Ratings: The rating indicates highest-credit quality rating assigned by ICRA Ltd. to debt funds. Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold the units issued by the Mutual Fund.

22



Baroda Pioneer Gilt Fund (in %)^ 0.22 8.15 8.50 6.43

I-Sec Mi-BEX (Scheme Benchmark) (in %) 4.01 9.49 9.35 7.81

CRISIL 10 Year Gilt Index (Standard Benchmark)$ -0.14 8.47 7.53 6.67

`10,000, if invested in BPGF, would have become `10,022 `12,657 `15,037 `26,614

`10,000, if invested in I-Sec Mi-BEX, would have become `10,401 `13,136 `15,639 `32,569



30th November, 2017


SIP Returns

23

Baroda Pioneer Growth Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 17,10,000

Total Value as on Nov 30, 2017(Rs) 1,35,089 4,48,921 9,04,620 14,17,609 23,43,985 51,73,810

Returns (%) 24.19 14.88 16.44 14.69 12.85 14.33

Total Values of S&P BSE 200* (Rs) 1,34,387 4,47,236 8,69,858 13,66,832 22,79,870 45,84,465

S&P BSE 200* Returns (%) 23.03 14.62 14.84 13.67 12.33 12.84

Total Value of Nifty 50 (Rs) 1,32,001 4,30,007 8,14,526 12,72,681 21,13,219 42,73,755

Nifty 50 Returns (%) 19.12 11.89 12.18 11.67 10.90 11.97

Baroda Pioneer ELSS’ 96 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception


Total Value as on Nov 30, 2017(Rs) 1,35,743 4,50,165 9,05,990 14,35,370 23,66,847 1,49,93,552

Returns (%) 25.28 15.07 16.50 15.04 13.03 14.17

Total Values of S&P BSE 200* (Rs) 1,34,387 4,47,236 8,69,858 13,66,832 22,79,870 1,50,23,984

S&P BSE 200* Returns (%) 23.03 14.62 14.84 13.67 12.33 14.18

Total Value of Nifty 50 (Rs) 1,32,001 4,30,007 8,14,526 12,72,681 21,13,219 1,25,02,269

Nifty 50 Returns (%) 19.12 11.89 12.18 11.67 10.90 12.81

Baroda Pioneer Large CapFund

1 Year 3 Years 5 Years 7 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 9,00,000

Total Value as on Nov 30, 2017(Rs) 1,26,822 4,18,313 8,32,679 12,36,380 13,16,185

Returns (%) 10.74 10.00 13.07 10.86 9.94

Total Values of Nifty 100^^ (Rs) 1,33,106 4,39,420 8,45,681 13,32,468 14,47,173

Nifty 100^^ Returns (%) 20.92 13.39 13.70 12.95 12.40

Total Value of Nifty 50 (Rs) 1,32,001 4,30,007 8,14,526 12,72,681 13,82,271

Nifty 50 Returns (%) 19.12 11.89 12.18 11.67 11.21

Baroda Pioneer Banking andFinancial Services Fund

1 Year 3 Years 5 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 6,60,000

Total Value as on Nov 30, 2017(Rs) 1,31,588 4,51,149 8,98,120 10,20,621

Returns (%) 18.44 15.23 16.15 15.79

Total Values of Nifty Bank Index (Rs) 1,38,432 4,79,079 9,76,737 11,20,610

Nifty Bank Index Returns (%) 29.76 19.48 19.58 19.24

Total Value of Nifty 50 (Rs) 1,32,001 4,30,007 8,14,526 9,28,750

Nifty 50 Returns (%) 19.12 11.89 12.18 12.34

Baroda Pioneer Balance Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception



Returns (%) 21.44 14.37 14.57 13.38 11.67 10.98

Total Values of CRISIL Balanced Fund – Aggressive Index (Rs)

1,28,834 4,23,597 7,98,216 12,42,941 20,55,979 38,92,970

CRISIL Balanced Fund – Aggressive Index Returns (%)

13.97 10.86 11.37 11.01 10.38 10.80

Total Value of Nifty 50 (Rs) 1,32,001 4,30,007 8,14,526 12,72,681 21,13,219 42,73,980

Nifty 50 Returns (%) 19.12 11.89 12.18 11.67 10.90 11.97

Baroda Pioneer Monthly Income Plan (MIP) Fund*

1 Year 3 Years 5 Years 7 Years 10 Years Since Inception



Returns (%) 7.05 7.65 8.73 8.66 7.82 6.98

Total Values of CRISIL MIP Blended Index (Rs)

1,24,414 4,12,868 7,68,557 11,84,083 19,19,891 29,28,537

CRISIL MIP Blended Index Returns 6.91 9.11 9.84 9.65 9.09 8.76

Total Value of CRISIL 10 Year Gilt Index Returns (%) (Rs)

1,19,836 3,98,763 7,29,831 11,02,223 17,25,476 25,56,420

CRISIL 10 Year Gilt Index Returns (%) -0.25 6.76 7.77 7.64 7.06 6.87

* Monthly income is not assured and is subject to the availability of distributable surplus.^Past performance may or may not be sustained in the future.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV.CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Where Benchmark returns are not available, they have not been shown.

* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.

* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.

^^Scheme benchmark has been changed to Nifty 100 effective October 3, 2016.

^^Scheme benchmark has been changed to S&P BSE Mid-cap index effective October 3, 2016.

Baroda Pioneer Mid-Cap Fund 1 Year 3 Years 5 Years 7 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 8,60,000

Total Value as on Nov 30, 2017(Rs) 1,41,614 4,52,334 8,03,914 11,14,282 11,34,385

Returns (%) 35.13 15.41 11.65 7.94 7.60

Total Values of S&P BSE MidCap^^ (Rs) 1,42,046 5,06,244 10,93,254 17,24,536 17,65,029

S&P BSE MidCap^^ Returns (%) 35.86 23.45 24.24 20.19 19.67

Total Value of Nifty 50 (Rs) 1,32,001 4,30,007 8,14,526 12,72,681 13,06,001

Nifty 50 Returns (%) 19.12 11.89 12.18 11.67 11.45

30th November, 2017


Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)

Baroda Pioneer Growth Fund - Plan A - Dividend23-Mar-17 35.86 2.50

24-Jun-16 33.72 2.80

24-Jul-15 39.49 3.50

Baroda Pioneer Growth Fund - Plan B - Direct - Dividend23-Mar-17 35.33 2.50

24-Jun-16 33.05 2.80

24-Jul-15 38.61 3.50

Baroda Pioneer ELSS 96 - Plan A - Dividend23-Mar-17 32.07 2.50

23-Mar-16 28.50 2.50

23-Feb-15 32.32 2.25

Baroda Pioneer ELSS 96 - Plan B - Direct - Dividend23-Mar-17 36.88 2.50

23-Feb-15 33.19 2.25

14-Mar-14 23.15 2.00

Baroda Pioneer Large Cap Fund - Plan A - Dividend09-Jan-15 10.38 0.90

Baroda Pioneer Large Cap Fund - Plan B - Direct - Dividend09-Jan-15 10.54 0.90

Baroda Pioneer Banking and Financial Services Fund - Plan A - Dividend23-Mar-17 17.44 1.50

Baroda Pioneer Banking and Financial Services Fund - Plan B - Direct - Dividend23-Mar-17 18.04 1.50

Baroda Pioneer Balance Fund - Plan A - Dividend27-Sep-17 18.06 0.50

30-Jun-17 18.34 0.40

23-Mar-17 17.82 0.40

Baroda Pioneer Balance Fund - Plan B - Direct - Dividend27-Sep-17 19.64 0.50

30-Jun-17 19.80 0.40

23-Mar-17 19.14 0.40

Baroda Pioneer MIP Fund - Plan A - Monthly Dividend*27-Nov-17 13.72 0.05

27-Oct-17 13.69 0.05

27-Sep-17 13.60 0.05

Baroda Pioneer MIP Fund - Plan B - Direct - Monthly Dividend*27-Nov-17 14.07 0.05

27-Oct-17 14.03 0.05

27-Sep-17 13.92 0.05

Baroda Pioneer MIP Fund - Plan A - Quarterly Dividend*27-Sep-17 13.58 0.20

30-Jun-17 13.48 0.14

23-Mar-17 13.29 0.14

Baroda Pioneer MIP Fund - Plan B - Direct - Quarterly Dividend*27-Sep-17 13.93 0.20

30-Jun-17 13.81 0.14

23-Mar-17 13.58 0.14

Baroda Pioneer Credit Opportunities Fund - - Plan A - Quarterly Dividend27-Sep-17 10.9739 0.21

30-Jun-17 10.9728 0.15

23-Mar-17 10.8996 0.15

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Quarterly Dividend27-Sep-17 11.3364 0.21

30-Jun-17 11.2964 0.15

23-Mar-17 11.1790 0.15

Baroda Pioneer Credit Opportunities Fund - - Plan A - Monthly Dividend27-Nov-17 10.8517 0.05

27-Oct-17 10.8891 0.05

27-Sep-17 10.8941 0.05

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Monthly Dividend27-Nov-17 11.2987 0.05

27-Oct-17 11.3255 0.05

27-Sep-17 11.3156 0.05

Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)

Baroda Pioneer Dynamic Bond Fund - Plan A - Dividend27-Jun-16 12.1528 0.29

23-Mar-16 12.5843 0.51

25-Jun-13 10.0000 0.30

Baroda Pioneer Dynamic Bond Fund - Plan B - Direct - Dividend27-Jun-16 12.5981 0.29

23-Mar-16 13.0024 0.51

25-Jun-13 10.0000 0.31

Baroda Pioneer Gilt Fund - Plan A - Dividend24-Jun-16 19.49 0.87

22-Mar-16 20.31 0.87

21-Mar-14 16.42 1.95

Baroda Pioneer Gilt Fund - Plan B - Direct - Dividend21-Mar-14 16.55 1.95

Baroda Pioneer Liquid Fund - Plan A - Dividend04-Mar-05 1016.27 35.00

06-Jan-04 1004.32 95.00

13-May-02 1002.43 7.50

Baroda Pioneer Short Term Bond Fund - Plan A - Monthly Dividend27-Nov-17 10.03 0.04

27-Oct-17 13.69 0.05

27-Sep-17 10.06 0.05

Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Monthly Dividend27-Nov-17 10.01 0.05

27-Oct-17 10.03 0.05

27-Sep-17 10.04 0.05

Baroda Pioneer Treasury Advantage Fund Reg - Monthly Dividend27-Nov-17 1003.30 4.40

27-Oct-17 1005.17 5.22

27-Sep-17 1006.38 4.02

Baroda Pioneer Treasury Advantage Fund - Plan A - Monthly Dividend27-Nov-17 1003.30 4.40

27-Oct-17 1005.17 5.22

24-Aug-17 1010.46 3.27

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Monthly Dividend27-Nov-17 1003.32 4.58

27-Oct-17 1005.21 5.40

27-Sep-17 1006.40 4.22

Baroda Pioneer Treasury Advantage Fund Reg - Quarterly Dividend27-Jun-14 1006.66 23.38

21-Mar-14 1011.22 7.79

24-Jun-16 1036.72 14.45

Baroda Pioneer Treasury Advantage Fund - Plan A - Quarterly Dividend27-Sep-17 1046.50 17.00

30-Jun-17 1044.84 17.00

23-Mar-17 1041.25 12.28

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Quarterly Dividend27-Sep-17 1053.15 17.00

30-Jun-17 1051.84 12.28

23-Mar-17 1046.20 12.28

Baroda Pioneer Income Fund - Plan A - Dividend24-Jun-16 22.13 1.01

23-Mar-16 23.14 1.01

Baroda Pioneer Income Fund - Plan B - Direct - Dividend24-Jun-16 22.16 1.01

23-Mar-16 23.15 1.01

Dividend History

24

$ Face value is Rs. 10/- in all schemes other than Baroda Pioneer Liquid Fund and Baroda Pioneer Treasury Advantage Fund where the face value is Rs. 1,000/- per unit.

* Monthly income is not assured and is subject to the availability of distributable surplus.# Pursuant to payment of dividend, the NAVs of the schemes would fall to the extent of payout and statutory levy (if applicable).

30th November, 2017

BARODA PIONEER MUTUAL FUND25

karvy Computershare Private LimitedAddress and Contact detailsMFS Branches

• Bangalore [email protected] 080-26600785 • Belgaum [email protected] 0831 2402544 • Bellary [email protected] 08392 – 254750 • Davangere [email protected] 0819-2258714 • Dharwad [email protected] 0836- 2744207• Gulbarga [email protected] 0847-2310040 • Hassan [email protected] 08172 262065 • Hubli [email protected] 0836-2252444 • Mangalore [email protected] 0824-2496289 • Margoa [email protected] 0832-2731823 • Mysore [email protected] 0821-2438006 • Panjim [email protected] 0832-2426873 • Shimoga [email protected] 08182-228799 • Ahmedabad [email protected] 079-65445550 • Anand [email protected] 9662020623 • Ankleshwar [email protected] 02646 645326 • Baroda [email protected] 0265-6640870 • Bharuch [email protected] 02642-225022 • Bhavnagar [email protected] 278-3003149 • Gandhidham [email protected] 02836 651296 • Gandhinagar [email protected] 079-23244955 • Jamnagar [email protected] 0288-2558887 • Junagadh [email protected] 0285-2652220 • Mehsana [email protected] 02762-242950 • Nadiad [email protected] 0268-2563245 • Navsari [email protected] 02637-280367 • Rajkot [email protected] 2816545888 • Surat [email protected] 0261-3042170 • Valsad [email protected] 02632-258481 • Vapi [email protected] 9228012909 • Chennai [email protected] 044-42028512 • Alleppy [email protected] 0477 2263055 • Calicut [email protected] 0495-4022480 • Cochin [email protected] 0484 3000232 • Kannur [email protected] 0497-2764190 • Kollam [email protected] 0474-2747055 • Kottayam [email protected] 0481-2300868 • Malappuram [email protected] 0483-2731480 • Palghat [email protected] 491 6061110 • Thodupuzha [email protected] 0486-2211209 • Tiruvalla [email protected] 0469-3205676 • Trichur [email protected] 0487-3246231 • Trivandrum [email protected] 0471-2725728 • Coimbatore [email protected] 0422 - 4388011 • Dindigul [email protected] 0451- 6451043 • Erode [email protected] 0424-4021212 • Karaikudi [email protected] 04565-237192 • Karur [email protected] 04324-241755 • Madurai [email protected] 0452-2605856 • Nagerkoil [email protected] 04652 - 233552 • Namakkal [email protected] 04286- 23480 • Pollachi [email protected] 04259- 235111 • Pondicherry [email protected] 0413 2220640 • Pudukottai [email protected] 04322 - 220050 • Rajapalayam [email protected] 04563 - 232952 • Salem [email protected] 0427-4020300 • Sivakasi [email protected] 04562 228816 • Thanjavur [email protected] 04362-275415 • Tirunelveli [email protected] 0462 2335137 • Tirupur [email protected] 0421-2214221 • Trichy [email protected] 0431-4020227 • Tuticorin [email protected] 0461-2334603 • Vellore [email protected] 0416 2215007 • Agartala [email protected] 0381-2317519 • Guwahati [email protected] 8811036746 • Shillong [email protected] 0364 2506106 • Silchar [email protected] 03842 261714 • Ananthapur [email protected] 08554-244449 • Eluru [email protected] 08812-227851 • Guntur [email protected] 0863-2339094 •Hyderabad [email protected] 040-44677075/ 44677076/44677077/44677348 • Karimnagar [email protected] 0878-2261779 • Kurnool [email protected] 08158-228550 • Nanded [email protected] 02462-237885 • Nellore [email protected] 0861-2349940 • Nizamabad [email protected] 08462-224366 • Proddatur [email protected] 08564 - 242898 • Rajahmundry [email protected] 0883-2434468 • Solapur [email protected] 0217-2300021 • Srikakulam [email protected] 08942-225384 • Tirupathi [email protected] 0877-6544567 • Vijayanagaram [email protected] 08922-236962 • Vijayawada [email protected] 0866-2475126 • Visakhapatnam [email protected] 0891-2714125 • Warangal [email protected] 0870-2501664 • Akola [email protected] 0724-2451874 • Amaravathi [email protected] 0721-3291081 • Aurangabad [email protected] 0240-2343414 • Betul [email protected] 07141 - 231301 • Bhopal [email protected] 0755-4092712 • Chandrapur [email protected] 07172-270262 • Dewas [email protected] 07272-426010 • Dhule [email protected] 02562-282823 • Indore [email protected] 0731-4266828 • Jabalpur [email protected] 0761-3204376 • Jalgaon [email protected] 0257-2226761 • Nagpur [email protected] 0712-2533040 • Nasik nasikmfs@karvy.

30th November, 2017


com 0253-6611395 • Ratlam [email protected] 07412-402007 • Sagar [email protected] 07582-402404 • Ujjain [email protected] 0734-4250007 • Asansol [email protected] 0341-3266507 • Balasore [email protected] 06782-260503 • Bankura [email protected] 03242-255964 • Barhampore (Wb) [email protected] 03482 274494 • Berhampur (Or) [email protected] 0680-2228106 • Bhilai [email protected] 0788-2295999 • Bhubaneswar [email protected] 0674-6534585 • Bilaspur [email protected] 07752-408436• Bokaro [email protected] 9204061959 • Burdwan [email protected] 0342-2665140 • Chinsura [email protected] 033-26810164 • Cuttack [email protected] 0-9238102118 • Dhanbad [email protected] 0326-6452027, 0326- 2301045 • Durgapur [email protected] 0343-6512111 • Gaya [email protected] 0631-2220065 • Jalpaiguri [email protected] 03561-222136 • Jamshedpur [email protected] 0657-6655000 • Kharagpur [email protected] 03222-253380 • Kolkata [email protected] ; [email protected] 033-40611135/ 36; 033-24659263/9267, 24635432, 24669450, 24196462 • Malda [email protected] 03512-223763 • Patna [email protected] 0612-6453098 • Raipur [email protected] 0771-4052620 • Ranchi [email protected] 0651-2331320 • Rourkela [email protected] 0661-2500005 • Sambalpur [email protected] 0663-2522105 • Siliguri [email protected] 0353-2526393, 0353-2522579 • Agra [email protected] 9369918603 • Aligarh [email protected] 9369918604 • Allahabad [email protected] 9369918605 • Ambala [email protected] 9315017301 • Azamgarh [email protected] 9307910001 • Bareilly [email protected] 9369918607 • Begusarai [email protected] 9308793949 • Bhagalpur [email protected] 9386256100 • Darbhanga [email protected] 06272-220145 • Dehradun [email protected] 9369918608 • Deoria [email protected] 7499496134 • Faridabad [email protected] 9310448851 • Ghaziabad [email protected] 9310448804 • Ghazipur [email protected] 7499496131 •Gonda [email protected] 7499496127 • Gorakhpur [email protected] 9369918610 • Gurgaon [email protected] 9310448806 • Gwalior [email protected] 9300004262 • Haldwani [email protected] 9369918611 • Haridwar [email protected] 9369918612 • Hissar [email protected] 9315017303 • Jaunpur [email protected] 9369918613 • Jhansi [email protected] 9369918614 • Kanpur [email protected] 9369918615/6 • Korba [email protected] 9300155683 • Lucknow [email protected] 9369918600 • Mandi [email protected] 9318873501• Mathura [email protected] 9369918618 • Meerut [email protected] 9369918619 •Mirzapur [email protected] 7499496133 • Moradabad [email protected] 9369918620 •Morena [email protected] 7489361265 • [email protected] 9386256101 •Noida [email protected] 9310448805 • Panipat [email protected] 9315017304 • Renukoot [email protected] 7499495854 • Rewa [email protected] 7489755878 • Rohtak [email protected] 9315017305 • Roorkee [email protected] 9369918621 • Saharanpur [email protected] 9369918622 • Satna [email protected] 9300004263 • Shaktinagar [email protected] 7499496129 • Shimla [email protected] 9318644501 • Shivpuri [email protected] 9303028921 • Sitapur [email protected] 9369918623 • Solan [email protected] 9318991871 • Sonepat [email protected] 9315457164 • Sultanpur [email protected] 9369918624 • Varanasi [email protected] 9369918626 • Yamuna Nagar [email protected] 9315017306 • Kolhapur [email protected] 0231 2653656 • Mumbai [email protected] 022-66235353 • Pune [email protected] 020-25533795 • Ajmer [email protected] 0145-5120725 • Alwar [email protected] 0144-3291200 • Amritsar [email protected] 0183-5053802 •Bhatinda [email protected] 0164-5006725 • Bhilwara [email protected] 01482-246362 •Bikaner [email protected] 0151-2200014 •Chandigarh [email protected] 0172-5101342 •Ferozpur [email protected] 01632-241814 •Hoshiarpur [email protected] 01882-500143 •Jaipur [email protected] 0141-4167714 • Jalandhar [email protected] 0181-5094410 • Jammu [email protected] 0191-2458820 • Jodhpur [email protected] 0291-6454590 • Karnal [email protected] 0184-2252524 •Kota [email protected] 0744-5100964 • Ludhiana [email protected] 0161-4648747 • Moga [email protected] 01636-230792 • New Delhi [email protected] 011-43681700 • Pathankot [email protected] 0186-5080188 • Patiala [email protected] 0175-5004349 • Sikar [email protected] 01572-250398 • Sri Ganganagar [email protected] 0154-2470177 • Udaipur [email protected] 0294-2429370 • Chembur 022-662215536 • Vashi 022-27802684 • Borivali 022- 28916319

26

30th November, 2017


Contact Points:Toll Free Number: 1-800-267 0189 | Email: [email protected] | Website:www.barodapioneer.inRegistered OfficeBaroda Pioneer Asset Management Company Ltd.CIN : U65991MH1992PLC069414501 Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai - 400063.Phone: +91 22 3074 1000 / 4219 7999. Fax: +91 22 3074 1001.Branch OfficeBaroda Pioneer Asset Management Company Ltd.Flat No. 103 & 104, First Floor,Prakash Deep Building, 7 Tolstoy Marg, New Delhi - 110001. Phone: 011-43514662Branch OfficeBaroda Pioneer Asset Management Company Ltd. HP Complex, Flat No.12, 3rd Floor, Door No. 124/1,2&3 New No. 14, G N Chetty Road,T.Nagar, Chennai - 600017 Phone: 044 - 2834 3530, Fax: 044 - 2834 3539Mutual fund investments are subject to market risks,read all scheme related documents carefully.

• Thane 022 25428475 • Agartala [email protected] 0381-2317519 • Amaravathi [email protected] 0721-3291081 • Anand [email protected] 9662020623 • Bangalore [email protected] 080-26600785 • Berhampur (Or) [email protected] 0680-2228106 • Bhavnagar [email protected] 0278-3004116 • Bhubaneswar [email protected] 0674-6534585 • Chandigarh [email protected] 0172-5042279 • Dhule [email protected] 02562-282823 • Ferozepur [email protected] 01632-241814 • Gwalior [email protected] 9300004262 • Hubli [email protected] 0836-2252444 • Hyderabad [email protected] 040-44677075/ 44677076/44677077/44677348 • Indore [email protected] 0731-4266828 • Jalgaon [email protected] 0257-2226761 • Jalpaiguri [email protected] 03561-222136 • Jamshedpur [email protected] 0657-6655000 • Kollam [email protected] 0474-2747055 • Mirzapur [email protected] 7499496133 • Moga [email protected] 01636-230792 • Nellore [email protected] 0861-2349940 • Noida [email protected] 9310448805 • Panipat [email protected] 9315017304 • F C Road, Pune [email protected] 020-25533795 • Rajapalayam [email protected] 04563 - 232952 • Shimoga [email protected] 08182-228799 • Solapur [email protected] 0217-2300021 • Tirupathi [email protected] 0877-6544567 • Visakhapatnam [email protected] 0891-2714125

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